Livforsakringsbolaget Skandia Omsesidigt Has $355,000 Stock Holdings in International Business Machines Co. (NYSE:IBM)

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 78.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,172 shares of the technology company’s stock after purchasing an additional 956 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in International Business Machines were worth $355,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in IBM. Cornerstone Planning Group LLC purchased a new stake in shares of International Business Machines during the second quarter valued at approximately $28,000. Live Oak Investment Partners acquired a new position in shares of International Business Machines in the 4th quarter valued at $30,000. Briaud Financial Planning Inc purchased a new stake in shares of International Business Machines during the 3rd quarter worth about $31,000. Stone House Investment Management LLC lifted its stake in International Business Machines by 971.4% in the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after buying an additional 204 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. lifted its stake in International Business Machines by 67.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on IBM. Evercore ISI upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. BMO Capital Markets upped their price objective on shares of International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, January 25th. Jefferies Financial Group assumed coverage on shares of International Business Machines in a research note on Friday, January 5th. They set a “hold” rating and a $180.00 price target on the stock. Stifel Nicolaus reissued a “buy” rating and set a $190.00 price objective on shares of International Business Machines in a report on Wednesday. Finally, Societe Generale reissued a “sell” rating and set a $143.00 target price on shares of International Business Machines in a research note on Friday, January 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $178.67.

International Business Machines Trading Down 0.4 %

Shares of IBM traded down $0.73 during mid-day trading on Thursday, hitting $182.37. 425,104 shares of the company’s stock traded hands, compared to its average volume of 4,769,451. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. International Business Machines Co. has a 1 year low of $120.55 and a 1 year high of $199.18. The firm has a market capitalization of $167.19 billion, a P/E ratio of 22.52, a PEG ratio of 3.60 and a beta of 0.70. The business’s 50-day moving average price is $188.61 and its 200-day moving average price is $168.54.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. The company had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. International Business Machines’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.60 earnings per share. As a group, sell-side analysts forecast that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a dividend of $1.66 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 annualized dividend and a yield of 3.64%. International Business Machines’s dividend payout ratio (DPR) is 81.67%.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.